Openlane (OPLN) – What Are Brokerages Saying About This Stock?

Openlane (NYSE:OPLN) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.83.

Several equities analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Openlane in a research report on Wednesday, August 26th. Northcoast Research set a $50.00 target price on Openlane in a research report on Wednesday, August 5th. Bank of America increased their target price on Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Barclays lifted their target price on Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen cut Openlane from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

Openlane Stock Up 1.9%

Shares of OPLN stock opened at $37.69 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. Openlane has a one year low of $24.32 and a one year high of $42.90. The company’s fifty day moving average price is $35.19 and its 200-day moving average price is $36.10. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 1.73 and a beta of 1.28.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The company had revenue of $554.60 million during the quarter. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. Sell-side analysts expect that Openlane will post 1.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Peter Kelly acquired 14,830 shares of the business’s stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $33.72 per share, with a total value of $500,067.60. Following the acquisition, the chief executive officer directly owned 14,830 shares in the company, valued at $500,067.60. This represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Openlane

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Openlane in the second quarter worth about $660,070,000. Hawk Ridge Capital Management LP lifted its position in shares of Openlane by 72.5% in the first quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company’s stock worth $144,792,000 after buying an additional 2,087,200 shares in the last quarter. Park West Asset Management LLC bought a new position in Openlane during the second quarter valued at approximately $46,368,000. Sunriver Management LLC boosted its stake in Openlane by 1.3% during the first quarter. Sunriver Management LLC now owns 1,518,196 shares of the company’s stock valued at $44,255,000 after buying an additional 19,634 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Openlane by 7.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,251,247 shares of the company’s stock valued at $36,474,000 after buying an additional 86,986 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Openlane Company Profile

OPENLANE, Inc (NYSE: OPLN) operates a digital marketplace and technology platform for the wholesale vehicle industry. The company helps automotive dealers, manufacturers, fleet operators, rental companies and financial institutions buy and sell used vehicles through online and physical auction channels.

Its services include wholesale vehicle auctions, vehicle inspection and condition reporting, transportation and logistics, financing support, title and documentation services, and other tools designed to simplify the remarketing process.